ASC 842 is now applicable to private companies This post covers 3 practical expedients simplifying the recognition and measurement requirements. Read More ...
Distributions from an investment: How hard can it be?
Jan 18, 2022Investment funds commonly receive distributions from its investees, but determining how they are accounted can be a challenge. Read More ...
Last minute change: Amendment to the discount rate guidance in ASC 842
Jan 11, 2022ASC 842, Leases is finally effective for non-public entities! But be aware, ASU 2021-09 made a last-minute change to the discount rate guidance. Read More ...
How to apply the PAA approach based on “premiums received”
Dec 21, 2021The PAA simplifies IFRS 17, but measures based on “premiums received”, a change from how short duration contracts have historically been accounted for. Read More ...
2021 AICPA conference highlights
Dec 14, 2021In this post, we are highlighting the 2021 AICPA Conference on Current SEC and PCAOB Developments. Read More ...
Is it a change in accounting policy or estimate? Amendments to IAS 8
Dec 07, 2021Determining if a change was a change in accounting policy or estimate has been a source of confusion. Recent amendments to IAS 8 ease the challenges. Read More ...
Proposal to Eliminate Troubled Debt Restructuring (TDR) Accounting
Nov 30, 2021The FASB is proposing to improve ASC 326 by eliminating the accounting guidance related for troubled debt restructurings (TDRs). Read More ...
(ASU Implementation) is a Highway!
Nov 16, 2021Unsure you have all of your gear in order for ASUs effective in 2021, 2022, and beyond? We have eLearning available to transform you into a groupie! Read More ...